Press Release
Apr 16, 2009 16:00 ET
Kilo Goldmines Diamond Drills Will Start by Late May 2009
TORONTO, ONTARIO--(Marketwire - April 16, 2009) - Kilo Goldmines Ltd. (TSX VENTURE:KGL) ("Kilo" or "the Company") has signed a 6000metre drill contract with Tandrill Limited. Tandrill has good DRC drilling experience and has carried out substantial diamond drilling for Moto Gold Mines in the DRC during the last three years. The drills are mobilizing from Tanzania and should arrive on site early May. Three diamond drill targets have been selected.
A C$310,000 private placement from Company insiders was completed on April 15, 2009, fulfilling a condition under the engagement letter entered into between the Company and Haywood Securities on February 24, 2009. This was in addition to the private placement of C$5,020,000 that closed March 27, 2009.
The TSX Venture Exchange has completed its review of the closing materials following the completion of the qualifying transaction and has indicated its intention to issue the listings bulletin today.
Trading in the common shares of Kilo on the TSX Venture Exchange is scheduled to commence on Monday, April 20, 2009, under the symbol KGL.
About Kilo Goldmines Ltd.
Kilo controls 14,000 square kilometres of mineral properties in the DRC prospective for gold and iron ore in the North Kivu and Oriental provinces of the DRC.
There are 39,886,766 common shares of Kilo Goldmines Ltd.
For more information, please visit the website at www.kilogoldmines.com.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
For more information, please contact:
Kilo Goldmines Ltd.Peter Hooper
President
(416) 360-3415
[email protected]
www.kilogoldmines.com
